…Corporate disclosure on social responsibility in general – and comparable to the
intentions of risk disclosure – serves two main purposes which exceed the…
…differences in the quantity of corporate disclosure
practices are in many cases expected and determined by varying size, risk, and cor-
porate governance…
…closure.
The second hypothesis examines the association between the level of firm risk and
the quantity of CSR disclosure. Companies characterised by…
…high risk levels are
expected to report more information, as more detailed descriptions will advance a
more thorough understanding about the risk level…
…and risk situation for both share-
holders and stakeholders. Thus a high risk level will motivate the companies to in-
crease their quantity of CSR…
…disclosure to improve their image or stakeholders’ as-
sessments.
The study therefore includes the possible determinant of corporate risk employing
its…
…leverage (LEV). The hypothesis in null form states accordingly
H2: There will be no association between the level of firm risk and the quantity
of CSR…
…the UK.
SIZ Employees, proxy for firm size = Number of Employees (full time
equivalents)
LEV Leverage, proxy for firm risk = Liabilities / Equity…
…shareholder (SSH), carbon emissions (TCR), as well as nationality (NAT). Negative
impacts on the number of reported sentences are estimated for firm risk (LEV)…
…this theory on firm risk and risk disclosure Linsley, Shrives (2006), p. 389.
Pia Montag und Lennart Ender
248
4 Conclusion and Outlook – The…
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